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Macintosh News => Apple News => Topic started by: HCK on May 21, 2014, 02:00:14 pm



Title: Apple's Purchase of Beats May Not Be Finalized Until Next Week
Post by: HCK on May 21, 2014, 02:00:14 pm
Apple's Purchase of Beats May Not Be Finalized Until Next Week

Following reports (http://www.macrumors.com/2014/05/08/apple-to-acquire-beats/) last week that Apple had purchased Beats Electronics, it was thought the deal would be finalized and announced this week. However, Re/code is reporting (http://recode.net/2014/05/14/apples-beats-deal-may-not-be-finalized-until-next-week/) the deal may not be finalized until next week.
 <img class="aligncenter size-full wp-image-410877" src="http://cdn.macrumors.com/article-new/2014/05/beatsdre.jpg" alt="beatsdre" width="700" height="413" />
Apple’s planned deal to buy Beats Electronics for $3.2 billion<span style="color: #000000;"> may not be finalized until next week, according to people familiar with the transaction. That’s a longer timetable than some people expected as recently as a few days ago.</span>
Once the deal is completed, Beats co-founders Dr. Dre and Jimmy Iovine are expected to take on senior roles (http://www.macrumors.com/2014/05/09/drdre-and-jimmy-iovine-to-join-apple/) at Apple, with Iovine potentially becoming Apple's new music chief. In addition, Iovine and Dre's first official appearance as Apple employees is expected (http://www.macrumors.com/2014/05/12/jimmy-iovine-dr-dre-wwdc/) to take place at June's Worldwide Developer Conference.
 
 
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Source: Apple's Purchase of Beats May Not Be Finalized Until Next Week (http://www.macrumors.com/2014/05/14/apple-beats-deal-finalization/)